Service Pillar
Internal Audit Services
Radiant Internal Audit and Risk Advisory Department
The primary objective of our Internal Audit and Risk Advisory Department is to protect, strengthen, and enhance the value of our clients' businesses.
A risk-based internal audit approach provides the Board and Management with greater assurance that the key risks affecting the organization have been properly identified, assessed, and effectively managed. In today's business environment, the internal audit function plays an increasingly important role in supporting organizations to achieve their strategic, operational, and governance objectives.
With our experienced professionals and technical expertise, Radiant can assist organizations in establishing an internal audit function where one does not currently exist. We also support existing internal audit teams through capacity-building initiatives such as training, coaching, joint audit engagements, and independent quality reviews.
Our internal audit services can be provided on a fully outsourced, co-sourced, or one-off assignment basis, depending on the specific needs of the organization.
We also assist clients in identifying and assessing key business risks, defining appropriate risk appetite and tolerance levels, and strengthening risk management frameworks. Our approach focuses on developing practical risk management practices and ensuring that appropriate controls and mitigation measures are in place to address identified risks effectively.
What We Provide
The Services We Offer Under Internal Audit Include
Outsourced Internal Audit Services
We offer periodic internal audit services, co-sourced internal audit services, and the secondment of internal audit personnel. We provide independent, objective assurance that adds value and improves an organization's operations in compliance with the IPPF (2017) Framework. In doing so, we help organizations accomplish their objectives through a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.
Setting Up Your Internal Audit Function
We assist organizations in establishing an internal audit function and provide ongoing support to the internal audit officer.
Internal Controls Reviews and Assessments
We review internal control frameworks for effectiveness and efficiency and benchmark them against industry practices and emerging issues. We provide practical recommendations on remediation measures to address identified deficiencies or gaps. We also offer internal controls advisory services to new organizations before and during the commencement of operations.
Information Technology and Systems Risk Assessments and Audits
Our IT audits assess information systems to confirm that they operate securely and that sensitive data remains secure, reliable, and accurate.
Regulatory Compliance Reviews
We undertake tailored and comprehensive compliance reviews and audits and provide responsive recommendations to help organizations manage compliance risks and plan ahead.
Business Enterprise Risk Management and Risk Assessment
Our risk management methodology focuses on developing an Enterprise Risk Management framework that aligns risk with strategy and performance, manages risks across the organization, and accommodates evolving technologies and the growing use of data and analytics in decision-making.
Policies and Procedures Development
We develop tools, methods, and practical procedures that support day-to-day operations and the performance of specific tasks or processes in accordance with the applicable standards within which your organization operates.
Governance Audits
We perform objective reviews of governance structures and assess whether adequate checks and balances are in place to support effective corporate governance.
Compliance Audits
We perform in-depth and comprehensive reviews of your organization's adherence to the regulatory standards applicable to the industry in which it operates.
Capacity Strengthening, Training, and Risk Discussions
We equip teams with the knowledge and tools required to navigate the complexities of risk management, internal controls, financial management, and governance. Our customized training sessions address each organization's specific needs, including strengthening internal controls, improving governance and risk management, and understanding regulatory requirements. Our approach combines technical learning with practical application so teams gain actionable skills that contribute directly to organizational success.
Data Protection Reviews and Audits
Data remains an important currency in today's organizations, and safeguarding it across all media is critical. Data breaches can cause reputational damage, financial penalties, and ransom demands. To help clients manage these risks, we provide periodic or one-off data protection reviews tailored to organizational needs and aligned with local and global data protection requirements.
Auditing Your Risk Department or Function
We provide an independent assessment of the design and effectiveness of an organization's risk department or function. Our review considers whether risks are identified, evaluated, monitored, and reported appropriately and whether the function supports the organization's strategic and operational objectives.
Awards and Competition Assurance Audits
We audit participant selection processes to support integrity, transparency, and credibility. Our work may include reviewing judging criteria, facilitating the evaluation process, and tallying and tabulating fan polls or other results for finalists.
Capacity Strengthening for Risk, Controls, and Financial Management
Whether you are seeking to strengthen internal capabilities or facilitate meaningful discussions on risk, controls, and financial management, our services are tailored to your organization's unique needs and challenges.